Firstenergy Corp.’s filing revealed that its SVP, CHRO & Corporate Services Walker Christine unloaded Company’s shares for reported $0.47 million on Nov 27 ’23. In the deal valued at $37.58 per share,12,500 shares were sold. As a result of this transaction, Walker Christine now holds 36,959 shares worth roughly $1.44 million.
Goldman initiated its Firstenergy Corp. [FE] rating to a Buy in a research note published on April 10, 2024; the price target was $45. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Equal weight”‘ rating. UBS also remained covering FE and has decreased its forecast on August 07, 2023 with a “Neutral” recommendation from previously “Buy” rating. Guggenheim revised its rating on January 23, 2023. It rated FE as “a Buy” which previously was an “a Neutral”.
Price Performance Review of FE
On Monday, Firstenergy Corp. [NYSE:FE] saw its stock fall -0.74% to $38.95. Over the last five days, the stock has gained 0.44%. Firstenergy Corp. shares have risen nearly 6.25% since the year began. Nevertheless, the stocks have risen 0.10% over the past one year. While a 52-week high of $40.42 was reached on 05/03/24, a 52-week low of $32.18 was recorded on 02/08/24. SMA at 50 days reached $37.98, while 200 days put it at $36.95. A total of 2.07 million shares were traded, compared to the trading of 2.14 million shares in the previous session.
Levels Of Support And Resistance For FE Stock
The 24-hour chart illustrates a support level at 38.71, which if violated will result in even more drops to 38.46. On the upside, there is a resistance level at 39.12. A further resistance level may holdings at 39.29. The Relative Strength Index (RSI) on the 14-day chart is 58.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.98%. Stochastics %K at 88.18% indicates the stock is a selling.
